704 UTICA STREET Out Of Area NY 13424 APN: 307001-276-018-0002-045-002-0000

Property History

Property Type

Mixed Use, Retail

Property Subtype

Storefront

Marketing Description

Let your entrepreneurial spirit soar with this renovated, Multi use property in the vibrant Village of Oriskany! The building has experienced major renovations and improvements since 2020. Located conveniently, on the busiest street in Oriskany, 704 Utica Street boasts direct frontage and increased opportunities to the business owner. The second level is a 2 bedroom apartment that holds a set lease until December. Monthly Rent for Apartment is $1250. Private parking available for tenants. Appliances included. Public water, sewer, gas and high speed internet. Superb space for continued income or option for owners home. The main level is an operating Laundromat. This type of business can realize a 15 to 35% ROI and is a needed resource for the local population. Totally overhauled by the seller and done RIGHT! Existing washers, dryers, vending machines, change machine, and various accessories will convey with the sale. Bathroom and additional work room adjoin the main public laundry space. Major improvements completed, but not limited to: rubber roof 2021, boiler 6 years old, blown in insulation, some new windows, new concrete poured to manufacturers specifications to properly accommodate washer equipment, cosmetic features include ceiling install, electric service rebuild, plumbing and gas redo, and new hot water heater. All utilities, maps, taxes and specific details on the property will be presented in an information book to all buyers at private showings. Whether building your investment portfolio, or bringing a commercial vision to life, 704 Utica Street could provide that avenue to success!

Investment Highlights

**Lease includes: Water/Sewage, gas and garbage

-The electric for upstairs is on its own meter and the is the tenants responsibily. I don offer snow removal. The refrigerator, stove and the TV in the kitchen are the furnished appliances per lease.

- $2500 for grid installation and building wall, install doors for bathroom and back room.

-$850 for ceiling tiles, installed myself

-New concrete poured to manufacturers specs for the 6 larger machines

$4500

-Installation of custom bases and washing machines (bases lagged to

concrete, leveled and mortared, placed washers and bolted to bases),

finish plumbing and wiring, start up and test machines, service call to

address issues found and repair after parts came in

$10,000

-Machinery purchased:

-(8) Double pocket 30lb Wascomat dryers $1250/ unit

-(2) 30lb Wascomat hard mount washers $1000/ unit

-(2) 62lb Wascomat hard mount washers $8000/ unit

-(4) 40lb Maytag hard mount washers $4000/ unit

-(2) Wascomat crossovers (currently not in use)

-Change machine $2500

-Soda and snack vending machines $1600

-Service to upgrade/repair both machines $250

-Electrician to wire ceiling lights, change machine and supplies $1000

-New electricity supply and meters $4500

-Renovations to the commercial space:

-New water supply lines throughout

-New gas lines for dryers

-New wiring for dryers

-Center island built new for washers, water lines, and upgraded electrical panel

-New hot water heater

-$20,000 to the contractor for that phase of reno

-Ceiling installation

-Rubber roof 2021

-Boiler 6 yrs old

-Blown in insulation

-Some new windows

Loan History

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Financial History

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Tax History

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Contact Information

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